Originally Posted by
Shaman
If the company can use the profits from revenues generated by us enduring hotel lock downs and exposure to a pandemic to do stock buybacks. They can afford to improve our retirement AND increase our pay rates. There's no "wiggle room". there will be no exchanges in productivity to offset economic gains. I don't care how long you've been here if you're going to consider those types of offers I would urge you to stiffen your resolve and reconsider.
Giving money to share holders does nothing to improve the business.
I agree 100%
Supposedly there’s about a $500 million deficit in the budget for express. This is driving managers to make cuts wherever they can, BUT FedEx is still going through with a $1.492 billion stock buyback.
They could invest that money into fixing our IT & infrastructure, improving delivery times & reliability, and investing in the people. Valued employees work harder and drive revenue by enhancing the service, but they are choosing to put investors first.